www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Bendine takes a pragmatic stand http://www.upstreamonline.com/live/1405153/bendine-takes-a-pragmatic-stand The new business plan unveiled by Petrobras is an attempt to achieve a soft landing for a company that has paid a high price for the overweening ambitions of government masters. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405153/bendine-takes-a-pragmatic-stand Fri, 03 Jul 2015 15:34:47 +0000 live Videocon plans ‘$2.5bn Brazil investments’ http://www.upstreamonline.com/incoming/1405161/videocon-plans-usd-25bn-brazil-investments Videocon Industries has plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, according to reports. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405161/videocon-plans-usd-25bn-brazil-investments Fri, 03 Jul 2015 15:20:36 +0000 ece_incoming Brazil's Maua yard shuts doors http://www.upstreamonline.com/live/1405154/brazils-maua-yard-shuts-doors Brazil's Estaleiro Maua shipyard temporarily suspended operations on Friday, just one week after laying off 1000 workers as a result of cash flow problems. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405154/brazils-maua-yard-shuts-doors Fri, 03 Jul 2015 15:08:13 +0000 live Shell dishes out Appomattox deals http://www.upstreamonline.com/live/1405152/shell-dishes-out-appomattox-deals Shell is awarding contracts to US and South Korean players to provide a large semi-submersible production platorm for the Appomattox field development in the Gulf of Mexico it sanctioned this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405152/shell-dishes-out-appomattox-deals Fri, 03 Jul 2015 14:04:06 +0000 live EnerMech gets $10m BP deal http://www.upstreamonline.com/incoming/1405144/enermech-gets-usd-10m-bp-deal EnerMech has been awarded a one-year extension of an existing cranes and lifting contract worth $10 million by BP for services in the Caspian Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405144/enermech-gets-usd-10m-bp-deal Fri, 03 Jul 2015 13:19:38 +0000 ece_incoming Total ‘nears Mahakam decision’ http://www.upstreamonline.com/incoming/1405133/total-nears-mahakam-decision Total is due to decide within days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, as partner Inpex “is ready to continue no matter what”, according to reports.  (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405133/total-nears-mahakam-decision Fri, 03 Jul 2015 11:39:07 +0000 ece_incoming QGI 'rescues Petrobras topsides deal' http://www.upstreamonline.com/live/1405132/qgi-rescues-petrobras-topsides-deal Brazilian yard QGI has salvaged a previously-awarded deal for the supply and integration of topsides modules for a pair of floating production storage and offloading units for state giant Petrobras, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405132/qgi-rescues-petrobras-topsides-deal Fri, 03 Jul 2015 11:32:11 +0000 live Gullfaks wet gas compressor installed http://www.upstreamonline.com/incoming/1405122/gullfaks-wet-gas-compressor-installed Statoil has installed its first subsea wet gas compressor at one of its platforms on the Gullfaks field off Norway. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405122/gullfaks-wet-gas-compressor-installed Fri, 03 Jul 2015 09:42:25 +0000 ece_incoming Fjords wins Sverdrup contracts http://www.upstreamonline.com/incoming/1405112/fjords-wins-sverdrup-contracts Norway-based Fjords Processing has won three contracts from compatriot oil major Statoil for the delivery of processing technology at the Johan Sverdrup field in the North Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405112/fjords-wins-sverdrup-contracts Fri, 03 Jul 2015 08:25:22 +0000 ece_incoming Kuwaiti unity after IS mosque attack http://www.upstreamonline.com/live/1405108/kuwaiti-unity-after-is-mosque-attack A suicide attack on a mosque in Kuwait brought together the oil rich Persian Gulf state’s rival Sunni and Shia Muslim sects in a rare show of unity. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405108/kuwaiti-unity-after-is-mosque-attack Fri, 03 Jul 2015 08:20:02 +0000 live Sasol drives on in Mozambique http://www.upstreamonline.com/live/1405106/sasol-drives-on-in-mozambique South Africa’s Sasol Petroleum has launched the tender process for an engineering, procurement and construction management contract related to its PSA Expansion project onshore Mozambique. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405106/sasol-drives-on-in-mozambique Fri, 03 Jul 2015 07:34:48 +0000 live Subsea 7 picks up Australian contracts http://www.upstreamonline.com/live/1405105/subsea-7-picks-up-australian-contracts UK company Subsea 7 has been awarded four emergency pipeline repair contracts off Australia by US supermajor Chevron and Japanese giant Inpex. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405105/subsea-7-picks-up-australian-contracts Fri, 03 Jul 2015 07:04:10 +0000 live Technip, Samsung confirm Browse award http://www.upstreamonline.com/live/1405104/technip-samsung-confirm-browse-award Technip and Samsung have been confirmed as the winners of the front-end engineering and design contract for Woodside's Browse floating liquefied natural gas project off Western Australia, and will also build the FLNG vessels if the project goes ahead. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405104/technip-samsung-confirm-browse-award Fri, 03 Jul 2015 06:19:17 +0000 live Oil falls further http://www.upstreamonline.com/live/1405102/oil-falls-further Oil prices dropped on Friday as a rising US rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405102/oil-falls-further Fri, 03 Jul 2015 04:07:16 +0000 live Origin hits TD in Yolla well http://www.upstreamonline.com/live/1405101/origin-hits-td-in-yolla-well Australian operator Origin Energy has reached total depth in the second development well at its BassGas project off the sout-east coast of Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405101/origin-hits-td-in-yolla-well Fri, 03 Jul 2015 03:07:26 +0000 live Lingo let go from Drillsearch http://www.upstreamonline.com/live/1405100/lingo-let-go-from-drillsearch The chief executive of Australian company Drillsearch Energy has left the company by mutual consent. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405100/lingo-let-go-from-drillsearch Fri, 03 Jul 2015 02:22:38 +0000 live Repsol meet and greet in PNG http://www.upstreamonline.com/live/1405098/repsol-meet-and-greet-in-png An executive from Spanish energy company Repsol is reportedly in Papua New Guinea reassuring the PNG government the company is committed to Talisman Energy's assets. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1405098/repsol-meet-and-greet-in-png Fri, 03 Jul 2015 01:57:32 +0000 live FLNG starter orders for Samsung http://www.upstreamonline.com/live/1405096/flng-starter-orders-for-samsung Samsung Heavy Industries has reportedly received a conditional order from Shell to build three floating liquefied natural gas vessels. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1405096/flng-starter-orders-for-samsung Fri, 03 Jul 2015 01:15:30 +0000 live Five in battle for ONGC award http://www.upstreamonline.com/live/1405095/five-in-battle-for-ongc-award Five heavyweight international contenders have submitted bids to state-owned Oil & Natural Gas Corporation (ONGC) in a tender covering the provision and installation of major subsea field infrastructure for its S1 and Vashishta development off India’s east coast. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405095/five-in-battle-for-ongc-award Fri, 03 Jul 2015 01:13:13 +0000 live Oil prices flat as US rig count rises http://www.upstreamonline.com/live/1405090/oil-prices-flat-as-us-rig-count-rises Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405090/oil-prices-flat-as-us-rig-count-rises Thu, 02 Jul 2015 22:37:57 +0000 live Vantage denies ties in Petrobras case http://www.upstreamonline.com/live/1405084/vantage-denies-ties-in-petrobras-case Offshore contractor Vantage Drilling has denied reports connecting the company to the arrest of Jorge Luiz Zelada, the former international director of Petrobras. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405084/vantage-denies-ties-in-petrobras-case Thu, 02 Jul 2015 20:16:57 +0000 live Petro River Chinese deal cancelled http://www.upstreamonline.com/live/1405083/petro-river-chinese-deal-cancelled US junior Petro River Oil said an $87.5 million deal to sell one of its subsidiaries to a Chinese services company has fallen through. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405083/petro-river-chinese-deal-cancelled Thu, 02 Jul 2015 19:43:17 +0000 live Green group: BP deal 'victory for wildlife' http://www.upstreamonline.com/live/1405066/green-group-bp-deal-victory-for-wildlife The record-setting $18.7 billion settlement that BP will pay over the 2010 Macondo oil spill in the US Gulf of Mexico was hailed as a victory for wildlife by one of the country's leading green groups Thursday. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405066/green-group-bp-deal-victory-for-wildlife Thu, 02 Jul 2015 18:33:56 +0000 live Fugro Synergy wins US Gulf work http://www.upstreamonline.com/live/1405080/fugro-synergy-wins-us-gulf-work Offshore services player Fugro has secured work in the US Gulf of Mexico for its multi-purpose drilling, well-intervention and geotechnical vessel Fugro Synergy. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405080/fugro-synergy-wins-us-gulf-work Thu, 02 Jul 2015 18:15:58 +0000 live Helicopter forced back to shore off St John's http://www.upstreamonline.com/live/1405078/helicopter-forced-back-to-shore-off-st-johns A helicopter on its way to a drilling rig off the Canadian province of Newfoundland & Labrador was forced to turn back to shore due to a low-pressure warning in one of its engines. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405078/helicopter-forced-back-to-shore-off-st-johns Thu, 02 Jul 2015 18:07:48 +0000 live US rig count up by three http://www.upstreamonline.com/live/1405070/us-rig-count-up-by-three The number of rigs working in the US grew by three this week to total 862, according to Baker Hughes' weekly tally. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1405070/us-rig-count-up-by-three Thu, 02 Jul 2015 17:31:04 +0000 live Enbridge buys stake in Delfin LNG http://www.upstreamonline.com/live/1405061/enbridge-buys-stake-in-delfin-lng Canadian pipeline operator Enbridge has bought a 5% equity stake in a proposed floating liquefied natural gas project in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1405061/enbridge-buys-stake-in-delfin-lng Thu, 02 Jul 2015 15:43:30 +0000 live Gulf Island wins Trinidad jacket prize http://www.upstreamonline.com/live/1405057/gulf-island-wins-trinidad-jacket-prize US contractor Gulf Island Fabrication has clinched a contract to provide key equipment for a project off Trinidad & Tobago but has remained mum on details of the deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405057/gulf-island-wins-trinidad-jacket-prize Thu, 02 Jul 2015 14:58:59 +0000 live Plexus inks Yantai Jereh deal http://www.upstreamonline.com/live/1405047/plexus-inks-yantai-jereh-deal Chinese player Yantai Jereh Oilfield Services Group is taking a stake in Plexus Holdings as it also signs a licence agreement with the UK-based equipment player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405047/plexus-inks-yantai-jereh-deal Thu, 02 Jul 2015 13:50:58 +0000 live BP in $18.7bn Macondo settlement http://www.upstreamonline.com/incoming/1405046/bp-in-usd-187bn-macondo-settlement BP has reached a record-setting agreement with the US federal government and five states that will see the UK supermajor dish out $18.7 billion over the 2010 Gulf of Mexico oil spill. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405046/bp-in-usd-187bn-macondo-settlement Thu, 02 Jul 2015 13:12:57 +0000 ece_incoming Red7Marine offshore wing goes bust http://www.upstreamonline.com/live/1405041/red7marine-offshore-wing-goes-bust The oil price collapse has been partly blamed after the offshore business of UK services player Red7Marine Group went bust, with the loss of dozens of jobs. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405041/red7marine-offshore-wing-goes-bust Thu, 02 Jul 2015 12:20:40 +0000 live Axis in open-ended Cosco rig delay http://www.upstreamonline.com/live/1405030/axis-in-open-ended-cosco-rig-delay Axis Offshore is extending delivery of a flotel under construction in China but there remains uncertainty as to whether the company can take delivery at all. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405030/axis-in-open-ended-cosco-rig-delay Thu, 02 Jul 2015 11:51:57 +0000 live Total's Elk-Antelope plan confirmed http://www.upstreamonline.com/live/1405032/totals-elk-antelope-plan-confirmed InterOil and its partners are behind Total's selected development concept for the French operator's Elk-Antelope liquefied natural gas project in Papua New Guinea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405032/totals-elk-antelope-plan-confirmed Thu, 02 Jul 2015 11:28:16 +0000 live Worldview tries to halt Petroceltic bond issue http://www.upstreamonline.com/incoming/1405028/worldview-tries-to-halt-petroceltic-bond-issue Worldview Capital Management is calling for an extraordinary general meeting to prevent Petroceltic International from issuing bonds that would "squander shareholder value”, despite the explorer’s claim that it has investors’ backing. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405028/worldview-tries-to-halt-petroceltic-bond-issue Thu, 02 Jul 2015 10:49:19 +0000 ece_incoming Noreco backs out of Denmark licences http://www.upstreamonline.com/incoming/1405011/noreco-backs-out-of-denmark-licences Noreco has terminated its joint venture and its participation in the Nini and Cecile oilfields in the Danish section of the North Sea, the Norwegian independent said on Thursday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405011/noreco-backs-out-of-denmark-licences Thu, 02 Jul 2015 08:52:05 +0000 ece_incoming Emerson acquires Norwegian software player http://www.upstreamonline.com/incoming/1405009/emerson-acquires-norwegian-software-player Emerson Process Management has acquired a Norwegian production optimisation software company to help expand its Roxar Software Solutions and straighten its upstream capabilities, the company said on Thursday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1405009/emerson-acquires-norwegian-software-player Thu, 02 Jul 2015 08:08:56 +0000 ece_incoming Taqa denies merger reports http://www.upstreamonline.com/live/1405008/taqa-denies-merger-reports Abu Dhabi National Energy Company, known as Taqa, has denied that it is in the process of being merged with any other company in the emirate or elsewhere. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405008/taqa-denies-merger-reports Thu, 02 Jul 2015 08:07:56 +0000 live Johan Sverdrup spoils divvied up http://www.upstreamonline.com/live/1405002/johan-sverdrup-spoils-divvied-up Two partners in the Johan Sverdrup field development have seen their ownership stakes reduced while another two have increased their share as authorities decided on the apportioning of interests in the giant field off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1405002/johan-sverdrup-spoils-divvied-up Thu, 02 Jul 2015 07:38:25 +0000 live Det Norske finds more at Ivar Aasen http://www.upstreamonline.com/live/1404999/det-norske-finds-more-at-ivar-aasen Norwegian player Det Norske Oljeselskap has finished drilling of a trio of appraisal wells on its Ivar Aasen field in the central part of the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404999/det-norske-finds-more-at-ivar-aasen Thu, 02 Jul 2015 07:15:51 +0000 live San Leon secures Moroccan rig http://www.upstreamonline.com/live/1405001/san-leon-secures-moroccan-rig Irish explorer San Leon Energy has secured a drilling rig for its El Aaiun-4 well on the Tarfaya licence, onshore Morocco. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1405001/san-leon-secures-moroccan-rig Thu, 02 Jul 2015 07:11:58 +0000 live Petrobras sells Campos basin stakes http://www.upstreamonline.com/live/1404998/petrobras-sells-campos-basin-stakes Brazil’s state-run Petrobras has reached a deal to sell off its interest in the Bijupira and Salema fields to compatriot PetroRio. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404998/petrobras-sells-campos-basin-stakes Thu, 02 Jul 2015 05:50:43 +0000 live Oil steadies in early trade http://www.upstreamonline.com/live/1404997/oil-steadies-in-early-trade Oil prices steadied on Thursday after the main crude benchmarks tumbled 2.5%-4% a day earlier as US stockpiles rose for the first time in months on the back of high production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404997/oil-steadies-in-early-trade Thu, 02 Jul 2015 04:47:43 +0000 live Bumi to invest in FPSO unit http://www.upstreamonline.com/live/1404996/bumi-to-invest-in-fpso-unit Malaysia's Bumi Armada is focusing on its core floating production storage and offloading vessel business by allocating an additional 120 million ringgit ($31.8 million) to a new total of 1.52 billion ringgit. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404996/bumi-to-invest-in-fpso-unit Thu, 02 Jul 2015 04:30:21 +0000 live Opus takes delivery of drillship http://www.upstreamonline.com/live/1404995/opus-takes-delivery-of-drillship Singaporean rig owner Opus Offshore has taken delivery of the conventionally-moored drillship Opus Tiger. (Xu Yihe) http://www.upstreamonline.com/live/1404995/opus-takes-delivery-of-drillship Thu, 02 Jul 2015 03:56:23 +0000 live Wood Group wins Origin contract http://www.upstreamonline.com/live/1404993/wood-group-wins-origin-contract Wood Group Kenny has won a detailed design contract linked to the onshore pipelines for Origin Energy's Halladale, Black Watch and Speculant (HBWS) gas project in south-east Australia. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1404993/wood-group-wins-origin-contract Thu, 02 Jul 2015 02:27:48 +0000 live OMV completes Maari redevelopment http://www.upstreamonline.com/live/1404992/omv-completes-maari-redevelopment Austria’s OMV has completed its redevelopment project at the Maari oilfield, off the coast of New Zealand, which is expected to nearly double production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404992/omv-completes-maari-redevelopment Thu, 02 Jul 2015 02:24:18 +0000 live Slow start at Taza test http://www.upstreamonline.com/live/1404991/slow-start-at-taza-test Australia-listed Oil Search has had disappointing results with the first test of the Taza-3 ST1 well in the Kurdistan region of Iraq. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404991/slow-start-at-taza-test Thu, 02 Jul 2015 01:17:39 +0000 live Otto closing in on Hawkeye spud http://www.upstreamonline.com/live/1404990/otto-closing-in-on-hawkeye-spud Australia’s Otto Energy is closing in on the spud of the delayed Hawkeye oil prospect on Service Contract 55 off the Philippines. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404990/otto-closing-in-on-hawkeye-spud Thu, 02 Jul 2015 00:26:30 +0000 live Lucas, Victory reach settlement http://www.upstreamonline.com/live/1404989/lucas-victory-reach-settlement Lucas Energy and its would-be merger partner Victory Energy has reached a settlement agreement after their non-binding combination deal fell through. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404989/lucas-victory-reach-settlement Wed, 01 Jul 2015 22:22:26 +0000 live Brent-US crude spread widens http://www.upstreamonline.com/live/1404988/brent-us-crude-spread-widens US crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in three weeks on Wednesday after US government data showed a surprise inventory build. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404988/brent-us-crude-spread-widens Wed, 01 Jul 2015 21:59:05 +0000 live Oklahoma court opens door for quake suits http://www.upstreamonline.com/live/1404987/oklahoma-court-opens-door-for-quake-suits Oklahoma's Supreme Court has ruled that homeowners sustaining injuries from earthquakes in the US state can sue energy companies for damages if the tremblors were caused by oil and gas activities. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404987/oklahoma-court-opens-door-for-quake-suits Wed, 01 Jul 2015 21:43:16 +0000 live Hamm sues over Facebook post http://www.upstreamonline.com/live/1404986/hamm-sues-over-facebook-post Continental Resources chief executive Harold Hamm has sued a fellow Oklahoma oil man for defamation, claiming the man made remarks via Facebook that damaged Hamm's mental well-being and reputation. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404986/hamm-sues-over-facebook-post Wed, 01 Jul 2015 20:29:17 +0000 live SeaZip 4 gets North Sea oil work http://www.upstreamonline.com/live/1404870/seazip-4-gets-north-sea-oil-work Dutch minnow SeaZip Offshore Service will provide support for Heerema Marine Contractors' oil and gas operations in the North Sea. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404870/seazip-4-gets-north-sea-oil-work Wed, 01 Jul 2015 18:28:56 +0000 live Oil & gas implications in US health ruling http://www.upstreamonline.com/live/1404861/oil-and-gas-implications-in-us-health-ruling The US Supreme Court's decision last week to uphold the foundation of President Barack Obama's health care reform may have sickened many political conservatives, but language in the ruling could make it easier for industries like oil and gas to fight regulations in the future, according to legal experts. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404861/oil-and-gas-implications-in-us-health-ruling Wed, 01 Jul 2015 17:53:27 +0000 live Expro records $344.5m impairments http://www.upstreamonline.com/incoming/1404858/expro-records-usd-3445m-impairments Expro has booked a non-cash accounting charge of $344.5 million to record an impairment on goodwill and intangible assets, amid unstable market conditions, the engineering group said on Wednesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404858/expro-records-usd-3445m-impairments Wed, 01 Jul 2015 16:07:43 +0000 ece_incoming Uganda acreage attracts players http://www.upstreamonline.com/live/1404848/uganda-acreage-attracts-players Nineteen companies have submitted expressions of interest to bid for acreage in Uganda’s six-block licensing round. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404848/uganda-acreage-attracts-players Wed, 01 Jul 2015 16:02:41 +0000 live FourPoint bags Anadarko basin assets http://www.upstreamonline.com/live/1404857/fourpoint-bags-anadarko-basin-assets Denver-based independent FourPoint Energy will acquire 250,000 acres in Oklahoma's Anadarko basin in three related deals with Chesapeake Energy. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404857/fourpoint-bags-anadarko-basin-assets Wed, 01 Jul 2015 16:02:31 +0000 live Trio in Mexico offshore seismic MoU http://www.upstreamonline.com/live/1404849/trio-in-mexico-offshore-seismic-mou A trio of seismic stalwarts have formed a partnership to gather up to 100,000 line kilometres of 2D seismic in Mexico as the North American nation gears up for its Round 1 acreage giveaway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404849/trio-in-mexico-offshore-seismic-mou Wed, 01 Jul 2015 15:52:15 +0000 live Comstock sells East Eagle Ford assets http://www.upstreamonline.com/live/1404855/comstock-sells-east-eagle-ford-assets Texas-based Comstock Resources has agreed to sell off its East Texas Eagle Ford assets for cash that will help fund its drilling programme in the Hayneville shale and elsewhere. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404855/comstock-sells-east-eagle-ford-assets Wed, 01 Jul 2015 15:38:29 +0000 live KMG ‘to sell half of Kashagan stake’ http://www.upstreamonline.com/live/1404843/kmg-to-sell-half-of-kashagan-stake Kazakhstan’s KazMunaiGas (KMG) is selling one half of its stake in the giant Kashagan project in the Caspian Sea to the state sovereign wealth fund as it looks to pay down debt, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404843/kmg-to-sell-half-of-kashagan-stake Wed, 01 Jul 2015 15:20:42 +0000 live China tests new oil and gas trading centre http://www.upstreamonline.com/incoming/1404841/china-tests-new-oil-and-gas-trading-centre China's first online oil and gas trading platform entered the test run stage after a launching ceremony on Wednesday in Shanghai, as the world's largest energy consumer looks to extend its influence over global commodity pricing. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404841/china-tests-new-oil-and-gas-trading-centre Wed, 01 Jul 2015 14:29:51 +0000 ece_incoming EMGS in $2m data licensing deal http://www.upstreamonline.com/incoming/1404829/emgs-in-usd-2m-data-licensing-deal Electromagnetic Geoservices (EMGS) has entered into two new data licensing agreements for the provision of 3D electromagnetic data from its multi-client data library in the Barents Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404829/emgs-in-usd-2m-data-licensing-deal Wed, 01 Jul 2015 12:58:30 +0000 ece_incoming Shell pulls Appomattox trigger http://www.upstreamonline.com/live/1404827/shell-pulls-appomattox-trigger Shell has pushed the button on the Appomattox development in the US Gulf of Mexico after taking a final investment decision (FID). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404827/shell-pulls-appomattox-trigger Wed, 01 Jul 2015 12:12:49 +0000 live Energy XXI sells East Bay field http://www.upstreamonline.com/incoming/1404823/energy-xxi-sells-east-bay-field US Gulf of Mexico shelf producer Energy XXI has closed the sale of its East Bay oilfield off New Orleans for $21 million to a private buyer. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404823/energy-xxi-sells-east-bay-field Wed, 01 Jul 2015 11:38:22 +0000 ece_incoming Statoil suspends Saipem rig deal http://www.upstreamonline.com/live/1404821/statoil-suspends-saipem-rig-deal Statoil has decided to suspend a charter with a Saipem-owned drilling rig due to overcapacity in its rig portfolio. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404821/statoil-suspends-saipem-rig-deal Wed, 01 Jul 2015 11:05:30 +0000 live Exmar in $2.3bn Flex, Geveran merger http://www.upstreamonline.com/incoming/1404819/exmar-in-usd-23bn-flex-geveran-merger Antwerp-based Exmar has signed a $2.3 billion financing agreement with Flex LNG and billionaire John Fredriksen in a liquefied natural gas assets deal that will see a newly-formed company operate a 13-vessels fleet. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404819/exmar-in-usd-23bn-flex-geveran-merger Wed, 01 Jul 2015 11:02:13 +0000 ece_incoming Noreco sells Oselvar field stakes http://www.upstreamonline.com/incoming/1404810/noreco-sells-oselvar-field-stakes Oslo-listed independent Noreco is selling a 15% stake in two of its licences off Norway to CapeOmega for a total consideration of Nkr201 million ($25.5 million). (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404810/noreco-sells-oselvar-field-stakes Wed, 01 Jul 2015 08:57:49 +0000 ece_incoming ExxonMobil moves on Ca Voi Xanh plan http://www.upstreamonline.com/live/1404806/exxonmobil-moves-on-ca-voi-xanh-plan ExxonMobil is busy with early design work in its efforts to solidify a development plan for the Ca Voi Xanh deep-water gas resource off Vietnam’s central coast. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404806/exxonmobil-moves-on-ca-voi-xanh-plan Wed, 01 Jul 2015 08:37:57 +0000 live Ukraine halts Russian gas imports http://www.upstreamonline.com/incoming/1404801/ukraine-halts-russian-gas-imports Ukraine has suspended Russian gas purchases stating on Wednesday amid failed talks on a pricing plan for the next period. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404801/ukraine-halts-russian-gas-imports Wed, 01 Jul 2015 08:22:14 +0000 ece_incoming Statoil in North Sea discovery http://www.upstreamonline.com/live/1404797/statoil-in-north-sea-discovery Statoil has made a minor discovery at the Gina Krog East prospect in the central part of the North Sea after drilling three wells. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404797/statoil-in-north-sea-discovery Wed, 01 Jul 2015 07:37:31 +0000 live New shale regulations in WA http://www.upstreamonline.com/live/1404800/new-shale-regulations-in-wa New regulations targeting Western Australia's shale and tight gas industry came into effect on Wednesday. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404800/new-shale-regulations-in-wa Wed, 01 Jul 2015 07:31:13 +0000 live Tullow spins bit off Ghana http://www.upstreamonline.com/live/1404799/tullow-spins-bit-off-ghana Tullow Oil has spudded the first of two planned Phase 1A wells at its Jubilee field off Ghana as the Anglo-Irish independent boosted its projected full-year production from West Africa. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404799/tullow-spins-bit-off-ghana Wed, 01 Jul 2015 07:16:36 +0000 live Global Maritime wins Oz contract http://www.upstreamonline.com/live/1404798/global-maritime-wins-oz-contract Norwegian company Global Maritime has been awarded a mooring and rig move contract off Western Australia by Quadrant Energy. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404798/global-maritime-wins-oz-contract Wed, 01 Jul 2015 06:55:15 +0000 live Greek default hits oil prices http://www.upstreamonline.com/live/1404796/greek-default-hits-oil-prices Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund (IMF) and as both US and Opec production hit new records. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404796/greek-default-hits-oil-prices Wed, 01 Jul 2015 05:21:35 +0000 live Golar, Perenco agree commercial terms http://www.upstreamonline.com/live/1404795/golar-perenco-agree-commercial-terms London-based Golar LNG has agreed material commercial terms with Anglo-French company Perenco for a floating liquefied natural gas export project in Cameroon. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404795/golar-perenco-agree-commercial-terms Wed, 01 Jul 2015 04:50:44 +0000 live Sweeping changes at SembMarine http://www.upstreamonline.com/live/1404793/sweeping-changes-at-sembmarine Singapore offshore construction giant Sembcorp Marine has unveiled a series of organisational changes that will eventually lead to its well-known subsidiaries coming under one name. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1404793/sweeping-changes-at-sembmarine Wed, 01 Jul 2015 04:23:39 +0000 live Quadrant closing in on Levitt-1 spud http://www.upstreamonline.com/live/1404792/quadrant-closing-in-on-levitt-1-spud Quadrant Energy is expected to spud the Levitt-1 exploration well in Western Australia's offshore Carnarvon basin within days. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404792/quadrant-closing-in-on-levitt-1-spud Wed, 01 Jul 2015 02:53:27 +0000 live TSC orders more jack-ups http://www.upstreamonline.com/live/1404791/tsc-orders-more-jack-ups TSC Group Holdings subsidiary Alliance Offshore Drilling has exercised options with China's CSSC Huangpu Wenchong Shipyard for two additional jack-up rigs. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404791/tsc-orders-more-jack-ups Wed, 01 Jul 2015 01:16:35 +0000 live Browse FLNG enters FEED phase http://www.upstreamonline.com/live/1404790/browse-flng-enters-feed-phase Operator Woodside Petroleum has entered the front-end engineering and design phase for its Browse floating liquefied natural gas project off Western Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404790/browse-flng-enters-feed-phase Wed, 01 Jul 2015 00:30:47 +0000 live Oil rebounds from three-week lows http://www.upstreamonline.com/live/1404789/oil-rebounds-from-three-week-lows Oil prices ended higher as crude rebounded from three-week lows on Tuesday with US refined fuel trading leading the rally on bets for strong summer demand, even as Greece's move toward a debt default threatened to jolt global markets. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404789/oil-rebounds-from-three-week-lows Tue, 30 Jun 2015 23:06:37 +0000 live Island to proceed with Navigator http://www.upstreamonline.com/live/1404788/island-to-proceed-with-navigator Norwegian marine contractor Island Offshore will proceed with plans to build a new well-intervention vessel with Kawasaki Heavy Industries in Japan. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404788/island-to-proceed-with-navigator Tue, 30 Jun 2015 22:45:52 +0000 live Discovery LNG granted export licence http://www.upstreamonline.com/live/1404785/discovery-lng-granted-export-licence Canada's National Energy Board (NEB) has approved Quicksilver Resources' application for a 25-year natural gas export licence for the company's proposed Discovery liquefied natural has project in British Columbia. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404785/discovery-lng-granted-export-licence Tue, 30 Jun 2015 22:35:30 +0000 live Shell faces Arctic setback http://www.upstreamonline.com/live/1404778/shell-faces-arctic-setback Anglo-Dutch supermajor Shell will not be able to drill two wells simultaneously in the Arctic, under a new ruling from US officials. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404778/shell-faces-arctic-setback Tue, 30 Jun 2015 21:20:58 +0000 live Transocean wades in to combat over-supply http://www.upstreamonline.com/live/1404773/transocean-wades-in-to-combat-over-supply Offshore drilling giant Transocean is leading the charge to combat a vast over-supply of floating rigs, with 21 of its units now earmarked for attrition, but analysts say the battle has only just begun. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404773/transocean-wades-in-to-combat-over-supply Tue, 30 Jun 2015 18:43:41 +0000 live Harvey Gulf launches shipbuilding unit http://www.upstreamonline.com/live/1404764/harvey-gulf-launches-shipbuilding-unit New Orleans-based marine transportation contractor Harvey Gulf has purchased a pair of shipyards as it launches a new shipbuilding affiliate. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404764/harvey-gulf-launches-shipbuilding-unit Tue, 30 Jun 2015 18:18:35 +0000 live Abu Dhabi 'eyes Taqa merger' http://www.upstreamonline.com/live/1404763/abu-dhabi-eyes-taqa-merger Abu Dhabi is reportedly considering merging its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1404763/abu-dhabi-eyes-taqa-merger Tue, 30 Jun 2015 18:16:36 +0000 live Gastar smiles at Utica dry gas gusher http://www.upstreamonline.com/live/1404756/gastar-smiles-at-utica-dry-gas-gusher Houston-based Gastar Exploration has unveiled solid results from its second dry gas Utica/Point Pleasant well, continuing a trend of strong production records from the eastern part of the shale play. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1404756/gastar-smiles-at-utica-dry-gas-gusher Tue, 30 Jun 2015 16:46:46 +0000 live Maersk Oil awaits approval for Culzean http://www.upstreamonline.com/live/1404745/maersk-oil-awaits-approval-for-culzean Denmark’s Maersk Oil has approved internally its $5 billion ultra-high-pressure high-temperature Culzean project off the UK, taking the technically challenging scheme a step closer to formal sanction. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404745/maersk-oil-awaits-approval-for-culzean Tue, 30 Jun 2015 15:10:34 +0000 live Israel airs Leviathan outline deal http://www.upstreamonline.com/live/1404731/israel-airs-leviathan-outline-deal Noble Energy and Delek Group will now await the outcome of a public consultation after Israel’s government submitted an outline gas agreement that, as expected, will let the pair retain control of the Leviathan gas field. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404731/israel-airs-leviathan-outline-deal Tue, 30 Jun 2015 13:47:13 +0000 live Exploration well count seen falling 20% http://www.upstreamonline.com/incoming/1404736/exploration-well-count-seen-falling-20-percent The exploration well count this year is expected to fall by about 20%, with small- and mid-cap exploration and production players taking the largest cuts, according to an analyst research report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404736/exploration-well-count-seen-falling-20-percent Tue, 30 Jun 2015 12:21:24 +0000 ece_incoming Oando in $461m downstream sale http://www.upstreamonline.com/live/1404735/oando-in-usd-461m-downstream-sale Nigerian independent Oando is selling a large chunk of its downstream business to a company connected with trading giant Vitol. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404735/oando-in-usd-461m-downstream-sale Tue, 30 Jun 2015 12:00:04 +0000 live Statoil submits new Gullfaks area plan http://www.upstreamonline.com/live/1404730/statoil-submits-new-gullfaks-area-plan Statoil on Tuesday submitted, as expected, an amended development plan for the Gullfaks area off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404730/statoil-submits-new-gullfaks-area-plan Tue, 30 Jun 2015 11:17:35 +0000 live Cenovus in $2.66bn asset sale http://www.upstreamonline.com/live/1404719/cenovus-in-usd-266bn-asset-sale Cenovus Energy is bagging C$3.3 billion (US$2.66 billion) through the sale of a subsidiary to a Canadian pensions player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404719/cenovus-in-usd-266bn-asset-sale Tue, 30 Jun 2015 10:54:05 +0000 live Eni in Pertamina deal http://www.upstreamonline.com/incoming/1404718/eni-in-pertamina-deal Eni has signed an agreement with state-owned Pertamina for the sale and purchase of liquefied natural gas (LNG) coming from its deepwater Jangkrik development in Indonesia, the Italian player said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404718/eni-in-pertamina-deal Tue, 30 Jun 2015 10:48:13 +0000 ece_incoming CNOOC Ltd starts Bozhong flows http://www.upstreamonline.com/live/1404705/cnooc-ltd-starts-bozhong-flows China’s CNOOC Ltd has begun flows from another of its oilfield developments in Bohai Bay. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404705/cnooc-ltd-starts-bozhong-flows Tue, 30 Jun 2015 09:21:14 +0000 live Northcote drills at Shoats Creek http://www.upstreamonline.com/incoming/1404700/northcote-drills-at-shoats-creek Northcote Energy has commenced drilling operations at the Lutcher Moore 20 well on the Shoats Creek project in Louisiana, the London-listed player said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1404700/northcote-drills-at-shoats-creek Tue, 30 Jun 2015 08:58:57 +0000 ece_incoming Samsung lands $888m Sverdrup deals http://www.upstreamonline.com/live/1404692/samsung-lands-usd-888m-sverdrup-deals Samsung Heavy Industries has been confirmed as winner of a contract to build topsides for two platforms for Statoil's Johan Sverdrup field development off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404692/samsung-lands-usd-888m-sverdrup-deals Tue, 30 Jun 2015 08:32:48 +0000 live Gulfsands hunts fresh funds http://www.upstreamonline.com/live/1404666/gulfsands-hunts-fresh-funds Gulfsands Petroleum is looking to raise additional financing as it seeks to repay a loan facility following a terminated strategic tie-up with a Dubai-based player. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1404666/gulfsands-hunts-fresh-funds Tue, 30 Jun 2015 07:33:43 +0000 live Wood Group buys Canadian player http://www.upstreamonline.com/live/1404665/wood-group-buys-canadian-player London-listed Wood Group has reached a deal to buy Calgary-based engineering consultancy company Beta Machinery Analysis for US$14.3 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404665/wood-group-buys-canadian-player Tue, 30 Jun 2015 06:37:42 +0000 live Technip wins Libra topside gig http://www.upstreamonline.com/live/1404661/technip-wins-libra-topside-gig French engineering company Technip has been awarded a contract by Singapore's Jurong Shipyard related to the floating production, storage and offloading vessel which will be stationed at Petrobras' Libra field off Brazil. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1404661/technip-wins-libra-topside-gig Tue, 30 Jun 2015 05:52:53 +0000 live